This article is from the Australian Property Journal archive
QUEENSLAND’S largest childcare transaction in over two years has landed, with a Moreton Bay Region centre and swim school trading for $12 million, on a 5% yield.
The 100 Cecily Street property in fast-growing Kallangur has a brand-new 15-year lease to Lead Childcare, extending until 2038 with the added advantage of two further options of ten years each, extending the lease until 2058.
The facility is purpose-built, designed to accommodate 206 long day care places, and is on a corner land plot spans over 4,276 sqm. Annual income is $609,250 plus GST and outgoings.
Lead childcare has over 16 locations across Queensland within high-demand growth areas. Kallangur seen a surge in local property prices, which have soared by 86% over the past decade, while the Moreton Bay Region’s population is forecast to grow by 210,000 residents over the next 20 years, to approximately 690,000 people.
CBRE agents Sandro Peluso, Jimmy Tat, Marcello Caspani-Muto, Michael Hedger and Will Carman negotiated the sale of 100 Cecily Street.
